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Absolute Risk Aversion and the Returns to Education
Brunello, Giorgio - Institute for the Study of Labor (IZA) - 2000
Individual absolute risk aversion is measured for a sample of 1373 male household heads, using the 1995 wave of the Survey on the Income and Wealth of Italian households. This measure, conditional on financial and real wealth and household income, is used as an instrument for attained education...
Persistent link: https://www.econbiz.de/10005761664
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Africa’s Education Enigma? The Nigerian Story
Uwaifo Oyelere, Ruth Osarenti Oyelere nee Uwaifo - Institute for the Study of Labor (IZA) - 2007
In the last two decades, the social and economic benefits of formal education in Sub-Saharan Africa have been debated. Anecdotal evidence points to low returns to education in Africa. Unfortunately, there is limited econometric evidence to support these claims at the micro level. In this study,...
Persistent link: https://www.econbiz.de/10005822041
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Count Your Hours: Returns to Education in Poland
Myck, Michal; Nicinska, Anna; Morawski, Leszek - Institute for the Study of Labor (IZA) - 2009
measure of wages used and the estimation approach applied. Combining information from two different Polish surveys from 2005 … comprehensive analysis of the effects of using different methods and the issue of selection-correction in the estimation of the wage … estimation performs relatively well for men in comparison to our preferred selection corrected estimation, while using family …
Persistent link: https://www.econbiz.de/10005029650
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Smoking, Discount Rates, and Returns to Education
Fersterer, Josef; Winter-Ebmer, Rudolf - Institute for the Study of Labor (IZA) - 2000
Individual time preference determines schooling enrolment. Moreover, smoking behavior in early ages has been shown to be highly related to time preference rates. Accordingly, we use smoking at age 16 as an instrument for schooling in order to cope with ability bias in a returns to education...
Persistent link: https://www.econbiz.de/10005700985
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A Note on Parametric and Nonparametric Regression in the Presence of Endogenous Control Variables
Frölich, Markus - Institute for the Study of Labor (IZA) - 2006
This note argues that nonparametric regression not only relaxes functional form assumptions vis-a-vis parametric regression, but that it also permits endogenous control variables. To control for selection bias or to make an exclusion restriction in instrumental variables regression valid,...
Persistent link: https://www.econbiz.de/10005703167
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Does It Pay to Work for Free? Wage Returns and Gender Differences in the Market for Volunteers
Cozzi, Guido; Mantovan, Noemi; Sauer, Robert M. - Institute for the Study of Labor (IZA) - 2013
Working as a volunteer is a widespread phenomenon that has both individual and societal benefits. In this paper, we identify the wage returns to working for free by exploiting exogenous variation in rainfall across local area districts in England, Scotland and Wales. Instrumental variables...
Persistent link: https://www.econbiz.de/10010884078
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When Banana Import Restrictions Lead to Exports: A Tale of Cyclones and Quarantine Policies
Ko, Chia Chiun; Frijters, Paul - Institute for the Study of Labor (IZA) - 2014
This paper examines the welfare loss of import restrictions on bananas in Australia and whether the import restrictions have turned into a particular form of export promotion. We set up a model in which there is free domestic entry, with banana producers accepting losses in normal years, off-set...
Persistent link: https://www.econbiz.de/10010884135
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Instrumental Variables: An Econometrician's Perspective
Imbens, Guido W. - Institute for the Study of Labor (IZA) - 2014
I review recent work in the statistics literature on instrumental variables methods from an econometrics perspective. I discuss some of the older, economic, applications including supply and demand models and relate them to the recent applications in settings of randomized experiments with...
Persistent link: https://www.econbiz.de/10010884342
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Does Job Insecurity Deteriorate Health? A Causal Approach for Europe
Caroli, Eve; Godard, Mathilde - Institute for the Study of Labor (IZA) - 2014
potential endogeneity of job insecurity is not accounted for, the latter appears to deteriorate almost all health outcomes. When … tackling the endogeneity issue by estimating an IV model and dealing with potential weak-instrument issues, the health …
Persistent link: https://www.econbiz.de/10010959575
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Banks Information Policies, Financial Literacy and Household Wealth
Fort, Margherita; Manaresi, Francesco; Trucchi, Serena - Institute for the Study of Labor (IZA) - 2012
We investigate the causal effect of financial literacy on financial assets, exploiting banks information policies for identification. In Italy, banks who belong to the PattiChiari consortium have implemented policies aimed at increasing transparency and procedural simplification. These policies...
Persistent link: https://www.econbiz.de/10010959735